The « Solvency II Pillars 1 & 3 package » consists in a full calculation of Solvency II assessment with the Standard Formula approach

  • Balance sheet in Economic Value
  • Solvency Capital Requirement calculations
  • Solvency Position

 

 specifically dedicated to reinsurance captives

  • Proportionality principle
  • Fixed price

 

using a fully integrated process

  • Well-structured data management
  • Use of a robust Process Flow
  • Data requirements and data type (own data, assumptions, technical specifications, market parameters)
  • Data quality (auditability, traceability, etc.)
  • Documentation

 

developped in a flexible tool to perform sensitivity tests

  • Technical specifications test
  • Own data test
  • Market Parameters test
  • …

 

and producing reporting and NSA’s requirements

  • Presentation of results to the Board
  • Fulfilment of NSA’s requirements
  • Fulfilment of the EIOPA QRTs